China's Central Bank Cuts Rates

TODAY: June 29, 2015 PUB DATE: June 29, 2015

BEIJING? After more than a week of a brutal selloff in Chinese stocks, the country's central bank on Saturday took a rare easing step, cutting both its benchmark interest rates and the amount of reserves certain banks are required to ...

SUBSCRIBERS: Fed's Powell News Already Reported

TODAY: June 29, 2015 PUB DATE: June 29, 2015

Please disregard the headline "Fed's Powell: Threshold for SIFI Designation Is Matter for Congress" at 6:27 p.m. EDT. It repeats information previously published. (END) Dow Jones Newswires June 28, 2015 18:59 ET (22:59 GMT) Copyright (c) 2015 Dow Jones & ...

AIIB Tests Beijing's Management Style

TODAY: June 29, 2015 PUB DATE: June 29, 2015

BEIJING?The launch of a China-led infrastructure bank is a milestone in Beijing's bid for global clout. Now comes the hard part, as the bank's work tests Beijing's willingness to compromise and adhere to international standards. On Monday, representatives from 57 ...

Asian Shares: China Stocks Plunge Into Bear Market --Update

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Gregor Stuart Hunter Asian markets were roiled Monday, as China's stocks fell into bear-market territory, and uncertainty about Greece shook sentiment across the region A move by China's central bank over the weekend to cut interest rates failed to ...

Oil Drops Amid Greek Turmoil, Iran Nuclear Talks Eyed

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Eric Yep Crude-oil futures fell in Asian trade Monday amid fears of an escalating crisis in Greece and the looming deadline for the Iranian nuclear talks on June 30. On the New York Mercantile Exchange, light, sweet crude futures ...

EU Regulators Approve Siemens' Acquisition of Dresser-Rand

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Tom Fairless BRUSSELS--European Union regulators approved Siemens AG's (SIE.XE) $7.6 billion purchase of U.S. oilfield equipment maker Dresser-Rand (DRC) without conditions on Monday, after their probe concluded that the deal wouldn't harm competition in the bloc. The regulators had ...

U.S. Stocks Fall as Greek Crisis Worsens

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Saumya Vaishampayan U.S. stocks fell and Treasury bonds advanced Monday, as a worsening in Greece's debt crisis jolted global markets and pushed the country closer to an exit from the eurozone. The Dow Jones Industrial Average dropped 110 points, ...

Brazil's Petrobras Slashes 5-Year Investment Budget -- Update

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Paul Kiernan RIO DE JANEIRO--Brazilian state-run oil company Petróleo Brasileiro SA said Monday it plans to slash investments by 37% over the next five years in an urgent effort to reduce debt and recover investor confidence amid a corruption ...

U.S. Stocks Fall Sharply as Greek Debt Crisis Worsens

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Saumya Vaishampayan DEVELOPING STORY *U.S. Stocks Open Sharply Lower *Dow Industrials Tumble 150 Points MORE TO FOLLOW Earlier: U.S. stock futures fell sharply and Treasury bonds rallied Monday, as a worsening in Greece's debt crisis jolted global markets and ...

Legend Holdings Closes Down in Trading Debut

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Yvonne Lee and Anjie Zheng HONG KONG--Legend Holdings Corp., the Chinese conglomerate that holds the largest stake in personal-computer maker Lenovo Group Ltd., edged up slightly in early trading, then closed down in its debut Monday. Shares in Legend ...

CURRENCIES: Greece Default Threat Stokes Euro Volatility

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Joseph Adinolfi, MarketWatch Greece looks set to miss a coming debt payment to the International Monetary Fund The euro dropped sharply Monday on the expectation that Greece will likely miss a coming debt payment to the International Monetary Fund, ...

U.S. Stocks Fall as Greek Crisis Worsens

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Corrie Driebusch And Saumya Vaishampayan U.S. stocks fell and Treasury bonds advanced Monday, as a worsening in Greece's debt crisis jolted global markets and pushed the country closer to an exit from the eurozone. Stocks fell to session lows ...

U.S. Government Bonds Jump on Jitters Over Greece

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Min Zeng Investors piled into U.S. Treasury bonds Monday as Greece's sovereign debt crisis escalated and sparked a broad selloff in global stock markets. Strong demand for haven assets sent the yield on the benchmark 10-year Treasury note to ...

Google Granted More Time To Respond to EU Antitrust Charge

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Tom Fairless BRUSSELS--European Union regulators have granted Google Inc. more time to respond to charges that the U.S. search giant skews search results to favor its own comparison-shopping service. The European Commission, the bloc's top antitrust regulator, said in ...

Walt Disney to Merge Units for Interactive Media, Consumer Products

TODAY: June 29, 2015 PUB DATE: June 29, 2015

Seven years after launching a stand-alone interactive business unit, Walt Disney Co. is folding it into a larger sibling. The media giant is merging Disney Interactive, which produces video games and online content, with Disney Consumer Products, which licenses and ...

Crude Oil Prices Slump on Greek Fallout

TODAY: June 29, 2015 PUB DATE: June 29, 2015

By Nicole Friedman NEW YORK--Global oil prices slid to a more-than-two-month low Monday as uncertainty about the financial crisis in Greece prompted investors to move money out of riskier assets like stocks and commodities. Brent, the global oil benchmark, settled ...

Barclays Names Former Dallas Fed President Fisher as Adviser

TODAY: June 29, 2015 PUB DATE: June 29, 2015

Barclays PLC on Monday named Richard Fisher, who recently retired from his post as head of the Federal Reserve Bank of Dallas, as senior adviser at the bank. Since leaving the Federal Reserve in March, Mr. Fisher has also joined ...